https://www.taxtmi.com/caselaws?id=341329 The High Court dismissed the appeal under Section 260-A of the Income Tax Act against the Income Tax Appellate Tribunal's order for the assessment year 2010-11. The Court upheld the Commissioner's order under Section 263, finding the Assessing Officer's decision erroneous and prejudicial to revenue due to lack of proper inquiry. The Tribunal's decision was deemed correct, and the appeal was rejected as no substantial legal question arose, aligning with established legal principles and prior Supreme Court rulings in similar cases. en-us Mon, 03 Apr 2017 00:00:00 +0530 Tue, 23 Jul 2019 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341329 The High Court dismissed the appeal under Section 260-A of the Income Tax Act against the Income Tax Appellate Tribunal's order for the assessment year 2010-11. The Court upheld the Commissioner's order under Section 263, finding the Assessing Officer's decision erroneous and prejudicial to revenue due to lack of proper inquiry. The Tribunal's decision was deemed correct, and the appeal was rejected as no substantial legal question arose, aligning with established legal principles and prior Supreme Court rulings in similar cases. Case-Laws Income Tax Mon, 03 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341329